Imperial Bank of Canada (RBC; French: Banque royale du Canada) is a Canadian worldwide monetary administrations organization and the biggest bank in Canada by market capitalization. The bank serves more than 16 million customers and has 86,000+ representatives worldwide. The bank was established in 1864 in Halifax, Nova Scotia, and keeps a corporate base camp in Toronto and its administrative center in Montreal. RBC’s foundation number (or bank number) is 003. In November 2017, RBC was added to the Financial Stability Board’s rundown of worldwide fundamentally significant banks. b2b-ste
In Canada, the bank’s close to home and business banking activities are marked as RBC Royal Bank in English and RBC Banque Royale in French and serves roughly ten million customers through its organization of 1,209 branches. RBC Bank is the U.S. banking auxiliary which previously worked 439 branches across six states in the Southeastern United States, yet now just offers cross-line banking administrations to Canadian explorers and expats. RBC additionally has 127 branches across seventeen nations in the Caribbean, which serve in excess of 16 million clients. RBC Capital Markets is RBC’s overall speculation and corporate financial auxiliary, while the venture financier firm is known as RBC Dominion Securities. Venture banking administrations are additionally given through RBC Bank and the attention is on center market customers.
In 1864, the Merchants Bank of Halifax was established in Halifax, Nova Scotia, as a business bank that financed the fishing and wood enterprises and the European and Caribbean import/trade businesses. By 1869 the Merchants’ Bank was formally fused and gotten its government contract in the equivalent year. During the 1870s and 1880s, the bank ventured into the other Maritime Provinces. At the point when both the Newfoundland Commercial Bank and Union Bank of Newfoundland fell on 10 December 1894, the Merchants Bank extended to Newfoundland on 31 January 1895.
The Union Bank of Halifax building, c. 1900. The bank converged with RBC in 1910.
As the bank developed, heads changed its name to mirror its development and western expansion. In 1901, the Merchants Bank of Halifax changed its name to the Royal Bank of Canada (RBC). The focal point of the Canadian monetary industry had moved from Halifax to Montreal, so the Merchants Bank moved its administrative center there. In 1910, RBC converged with the Union Bank of Halifax. Around the same time it constructed a bank office in Winnipeg, Manitoba—planned via Carrère and Hastings, in beaux-expressions style broadcasting the monetary strength of Winnipeg in the prairies. To improve its situation in Ontario, RBC converged with Traders Bank of Canada in 1912 and in 1917 RBC converged with Quebec Bank, which was established in 1818 and contracted in 1822 in Quebec City.